00:00Elon Musk's SpaceX is planning to go public in the United States, opening the company
00:05to stock market investors.
00:07A successful share sale could value that company at as much as $1.75 trillion, a record figure
00:15that could make Musk the world's first trillionaire.
00:21The IPO is expected to take place in June after a marketing period.
00:25If successful, it would likely be the biggest IPO ever, surpassing the debut of energy giant
00:31Saudi Aramco in 2019 that raised over $29 billion.
00:35American media reports say SpaceX is hoping to raise $75 billion and win a valuation of
00:42as much as $1.75 trillion, with Musk's majority stake estimated to be worth more than $600
00:48billion.
00:49Musk, who also leads Tesla, became the first person last year to surpass a net worth of
00:54$500 billion.
00:56Founded in 2002, SpaceX has grown into the world's largest private space company, helped
01:02by the launch of thousands of Starlink internet satellites.
01:05The IPO filing also shows SpaceX is betting heavily on artificial intelligence and future
01:11technologies, including space-based data centres and mission to Mars.
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